USDA Sees Tightening Corn, Soy Supplies

U.S. forecasters boosted their estimates for the size of this fall's soybean harvest, as rainfall late in the growing season mitigated the impact of a severe drought.

The Department of Agriculture, however, slightly lowered its projection for the corn harvest, a crop that already was far along in its growth when rains soaked parts of the Farm Belt in late August and early September.